Short Interest in iShares High Yield Active ETF (NASDAQ:BRHY) Declines By 13.4%

iShares High Yield Active ETF (NASDAQ:BRHY) saw a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 12,960 shares, a drop of 13.4% from the January 15th total of 14,964 shares. Currently, 0.8% of the company’s shares are short sold. Based on an average daily trading volume, of 26,410 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 26,410 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.8% of the company’s shares are short sold.

iShares High Yield Active ETF Stock Up 0.0%

BRHY stock opened at $51.54 on Wednesday. The firm has a market capitalization of $87.62 million, a PE ratio of 14.81 and a beta of 0.24. iShares High Yield Active ETF has a twelve month low of $48.27 and a twelve month high of $52.64. The stock’s 50 day moving average is $51.54 and its 200-day moving average is $51.80.

iShares High Yield Active ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were paid a $0.2806 dividend. This is a positive change from iShares High Yield Active ETF’s previous monthly dividend of $0.28. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 6.5%.

Hedge Funds Weigh In On iShares High Yield Active ETF

A hedge fund recently bought a new stake in iShares High Yield Active ETF stock. Sunbelt Securities Inc. purchased a new stake in shares of iShares High Yield Active ETF (NASDAQ:BRHY) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,453 shares of the company’s stock, valued at approximately $180,000. Sunbelt Securities Inc. owned about 0.22% of iShares High Yield Active ETF at the end of the most recent reporting period.

iShares High Yield Active ETF Company Profile

The iShares High Yield Active ETF (BRHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund seeks to maximize total return by actively managing a portfolio of high-yield corporate bonds with maturities of ten years or less. BRHY was launched on Jun 17, 2024 and is issued by BlackRock.